Chart of the day: Here’s how CincyTech’s investments impact Cincinnati

CincyTech has been around in its current incarnation since Bob Coy took the helm in 2006 and molded the organization into the public-private investment firm it is today. Around that time there was a real lack of capital for companies, startups and small businesses in the early stages before angel investors and venture capitalists would pay them any attention.

In 2006, CincyTech competed for – and ultimately won by raising a $7.5 million match – a $15 million Ohio Third Frontier grant to invest in local high-tech companies that were committed to staying and creating jobs in Southwest Ohio.

CincyTech started investing that money – and raising more – in 2007. So how has that impacted Cincinnati? For one, those investments have attracted hundreds of millions of dollars in additional capital to the region through money raised by those portfolio companies. Portfolio companies have also created hundreds of well-paying jobs with average salaries that hover around $60,000. Check out the chart below to see how CincyTech’s investments have impacted the Queen City.

Apologies to mobile users, charts are only available for desktop viewing.